www.techsylvania.com

1. BUILDING SUCCESSFUL
COMPANIES
OWEN E. H. MEYER
MEYER GLOBAL MANAGEMENT LLC

2. AGENDA
● KNOW YOUR MARKET
● SCALE AT EACH STAGE
● GROWTH VS. PROFITABILITY
JUNE 2022 2

3. KNOW YOUR MARKET

4. Why Startups Fail?
4
Source: CB Insights
Over 1/3 stated “NO MARKET NEED”

5. SpaceX’s mission is making humanity
multiplanetary.
Market - Tackle Big Problems
5
Tesla's mission is to accelerate the world's
transition to sustainable energy.
Energy for transportation
Storage of Energy
Redefining manufacturing
All of Humanity 2.0
Transportation
Asteroid Mining

6. SCALING AT EACH
STAGE

7. Innovation Cycle
- Build the product
- Measure its success
- Learn from your results
- Pivot (re-invest $)
- Repeat what works
Successful Leaders:
7
Build
Measure
Learn’
Pivot
Repeat

8. S-CURVES OF SUCCESS

9. S-CURVES OF SUCCESS

10. SPACEX S- CURVE

11. GROWTH VS
PROFITABILITY

12. FORMULA FOR SUCCESS
12
Only invest in a product that will be profitable in the future
- 10x rule
- Scalable unit economics
Do not invest in growth for growth's sake unless you want
forever VC funding

13. (1) Founders should know the
market before starting a
company
(2) Product development takes
iterations, adapt
(3) Understand growth investment
for just growing fast vs.
growing profitably
(4) Success is being able to
generate profit sustainably
•Unsuccessful companies need
- VC funding & new investors
FOREVER
Summary
13

14. JUNE 2022 14
THANK YOU
OWEN E. H. MEYER
OWEN@MEYERGLOBALMGMT.COM
WWW.MEYERGLOBALMGMT.COM